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Shiba Inu Burn Rate Goes Parabolic, Yet SHIB Keeps Bleeding: Details

What happened

Shiba Inu saw its largest burn in the last six months, which is typically interpreted as a bullish signal. However, SHIB’s price remains heavily suppressed in the bear market, and multiple factors point to further downside in the short term. On July 8, the SHIB team and.

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